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Calculating deposit neededYou put $5,000 in an account earning 3%. After 3 years, you make another deposit into the same account.Four years later (that is,
Calculating deposit neededYou put $5,000 in an account earning 3%. After 3 years, you make another deposit into the same account.Four years later (that is, 7 years after your original $5,000 deposit), the account balance is $25,000. What was the amount of the deposit at the end of year 3?
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